Cercano Management
Cercano Management reported 131 stocks worth $750M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are UNP (37.3%), RSP (6.3%) and META (6.0%). Compared with Q1 2026, the fund opened new positions in PDO, MU and VMC, added to JHX and ISRG, trimmed UNP, RSP and META and sold out of SCHW, HYMB and BLDR.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  UNP Union Pac Corp | $280M | 37.3% | 1M | −22K (−2%) | 8 of 8 | |
| 2 |  RSP Invesco Exchange Traded FD T | $47M | 6.3% | 221K | −520K (−70%) | 8 of 8 | |
| 3 |  META Meta Platforms Inc | $44.6M | 6.0% | 79K | −71K (−47%) | 8 of 8 | |
| 4 |  BKSY Blacksky Technology Inc | $26M | 3.5% | 933K | −311K (−25%) | 8 of 8 | |
| 5 |  NVDA Nvidia Corporation | $17.6M | 2.3% | 88K | −536K (−86%) | 8 of 8 | |
| 6 |  XLK Select Sector Spdr TR | $16.6M | 2.2% | 87K | −75K (−46%) | 5 of 8 | |
| 7 |  DNLI Denali Therapeutics Inc | $16.1M | 2.1% | 625K | No change | 8 of 8 | |
| 8 |  VTV Vanguard Index Fds | $15.1M | 2.0% | 69K | No change | 8 of 8 | |
| 9 |  NAUT Nautilus Biotechnology Inc | $13.4M | 1.8% | 7.2M | No change | 8 of 8 | |
| 10 |  AMZN Amazon Com Inc | $13.3M | 1.8% | 56K | −233K (−81%) | 8 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 SCHW Schwab Charles Corp | $36.7M | 390K |
 HYMB Spdr Series Trust | $34.4M | 1.4M |
 BLDR Builders Firstsource Inc | $31.8M | 386K |
 GEV GE Vernova Inc | $29M | 33K |
 QQQ Invesco Qqq TR | $28.1M | 49K |
🔒 Free account: see all 30.
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
 SPY Spdr S&P 500 ETF TR | Call | $68K | 63 | +63 |
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 14, 2026 | 13F-HR/A Amendment | Q2 2026 | SEC filing ↗ |
| Aug 13, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Includes an amendment, which can add positions the fund kept confidential at first, or replace the original report.
Other superinvestors
All hedge fund holdings →Cercano Management 13F FAQ
What does Cercano Management own?
Cercano Management reported 131 stocks worth $750M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are UNP (37.3%), RSP (6.3%) and META (6.0%). The table above lists every position in the filing (the top 10 without an account).
What did Cercano Management buy and sell in Q2 2026?
Compared with Q1 2026: 22 new positions, 2 added to, 44 trimmed and 30 sold out. New positions include PDO, MU and VMC. It sold all of SCHW, HYMB and BLDR.
When will Cercano Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Cercano Management's portfolio worth?
The Q2 2026 filing reports $750M in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.